The President noted that the situation in the global economy remains complicated and unpredictable.
According to Nursultan Nazarbayev, the energy prices have been considerably decreased recently. The oil prices decreased to 90 US$ per barrel. The KazMunaiGas National Company is a main oil producing company of Kazakhstan. Given the negative trends in the world markets, there is a need to strengthen the analytical and forecasting activities of the national oil and gas holding company.
Lyazzat Kiinov briefed the President on the prospective directions of the company. Moreover, the chairman of the company informed that starting from July 1, OzenMunaiGas and EmbaMunaiGas begin to work as a fully-fledged and independent legal entities.
“This will give the local oil companies every right to solve all issues and all of their problems themselves. I think it will provide good results and it will positively influence the social situation and in production issues locally. We pay great attention to the social responsibility of the company. In this regard, we have been recently employed nearly two thousand people in Zhanaozen and Karazhanbas,” Lyazzat Kiinov said.
In 2011, consolidated oil and gas condensate production amounted to 21.1 million tons. In 2012, the production of oil should reach 21.9 million tons.
Following the meeting, Nursultan Nazarbayev set a number of tasks for the Chairman of the Board of the KazMunaiGas National Company.